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LONG ON A SHORT LIST OF COINS!
Crypto wise Ive come to the conclusion that most cryptos will bot last, I need to find more reliable numbers and info but ive hea...rd that compair to bitcoin most other coins dont have many developers and miners and the stats for ownership and use is small
The top 5 cryptos account for 90% of the market and public awareness of bitcoin is growing but most cant name more than one other currency if that.
It seems that Lightning Network will make BTC more useable but like at the pizza place i work he said he will not take bitcoin because of the price being unstable.
BCH LTC DASH are all trying to be the cheaper better faster coin and ADA NEO EOS are going against ETH for best platform
Monero seems to be the big privacy coin with most others being much smaller.
Ive tried to learn more about other coins with special uses and i think social network coins like STEEM and REDD will last and video game related coins like WAX MGO GAME are doing ok along some gambling coins like FUN
I think XRP SALT LEND have banking and finance markets cornered.
Outside of the 17 coins I addressed and possibly some others I dont see most coins lasting long term.
MY BEST GUESS AT THIS POINT IS:
ONLY 50 to 100 COINS WILL LAST LONG TERM
BITCOIN TO ZERO - 020518
I believe the swamp is driving all cryptos to zero to kill it but I think they will not win in the long run.
BTC is at 6300...
I am now ready to say what ive been fearing
ITS GOING TO ZERO
I'm not panicing, I am just saying what I believe will happen and I'm ok with it.
They are all going down at the same rate and in a continous fashion, this is globalist market manipulation i believe.
Don't get me wrong crypto in some form will exist and thrive in the future but this is a race to zero. You only loose when you sell I do not believe the coins will disapear 100%
I'M STILL LONG
It's going to zero, but at some point it will be back in some fashion. We will see but i do think all or most coins will hit zero then maybe 20% return
I'm just gonna ride it out although i might buy XMR and NEO and put it in a cold wallet in addition to my other holdings!